WHY IT MATTERS: Digital Transformation
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WHY IT MATTERS: Digital Transformation
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Curated by Farid Mheir
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#BI tools and #technologies all must include #AI to remain relevant in the future via @Eckerson @TDWI Checklist Report

#BI tools and #technologies all must include #AI to remain relevant in the future via @Eckerson @TDWI Checklist Report | WHY IT MATTERS: Digital Transformation | Scoop.it

In this report, TDWI uncovers deeper insights that give users new perspectives on business questions. AI will transform BI and the way people make decisions and act. Rather than start with a hypothesis, data analysts will begin with an AI-driven insight. Instead of querying data to prove or disprove their hypothesis, users will query data to expand or validate a machine-generated insight or recommendation—or they might act on the AI-based insight at face value. But to get to that point, AI-infused BI tools will need to gain people's trust by consistently delivering accurate, relevant, and transparent insights within the context of a business user’s existing workflow.
In the future, AI-infused BI tools will go beyond just surfacing insights; they will recommend ways to address or fix issues, run simulations to optimize processes, create new performance targets based on forecasts, and take action automatically. And yes, machines will make some decisions for us—especially operational decisions in real-time environments. We see this today with fraud detection and online trading systems, but it will become more pervasive.

Farid Mheir's insight:

WHY IT MATTERS: an interesting report that puts artificial intelligence (AI) tools as tools to augment Business Intelligence (BI) and evolve the field beyond analytics into prediction. Also provide some good reference diagrams as this one.

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Impact of the Fourth Industrial Revolution on Supply Chains HT @JimMarous @MikeQuindazzi @wef #banking #AI #IoT #robotics #blockchain #wearable #AR #Analytics #voicefirst

Impact of the Fourth Industrial Revolution on Supply Chains HT @JimMarous @MikeQuindazzi @wef  #banking #AI #IoT #robotics #blockchain #wearable #AR #Analytics #voicefirst | WHY IT MATTERS: Digital Transformation | Scoop.it

Disruptive technologies are transforming all end-to-end steps in production and business models in most sectors of the economy. The products that consumers demand, factory processes and footprints, and the management of global supply chains are being re-shaped to an unprecedented degree and at unprecedented pace. Industry leaders who were consulted believe that new technological solutions heralded by the Fourth Industrial Revolution – such as advanced robotics, autonomous systems and additive manufacturing – will revolutionize traditional ways of creating value. As the costs of deploying technology continue to fall, international differentials in labour costs will no longer be a decisive factor in choosing the location of production.

The resulting greater spatial and temporal flexibility brought about by technology will bring locations of production and sale closer together, and drive major changes in the design of future value and supply chains. These trends will change the shape and form of globalization, and thereby impact the trajectory of goods. Regional and local flows will become more important, to the detriment of intercontinental trade.

Farid Mheir's insight:

WHY IT MATTERS: the world economic forum keeps putting out great reports on the impact of digital transformation. I love the illustrations, great summary of key trends and their adoption. Must read.

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VoloMetrix software taps digital exhaust to improve sales force performance via @hbr

VoloMetrix software taps digital exhaust to improve sales force performance via @hbr | WHY IT MATTERS: Digital Transformation | Scoop.it

Now a new breed of software applications is reshaping sales force management. Their common characteristic: Using digital data exhaust, which is the data generated from the regular activities of a sales force or their customers, to change the behaviour of frontline sales representatives in ways that dramatically improve sales productivity and effectiveness.

Farid Mheir's insight:

WHY THIS IS IMPORTANT

Daily activities leave digital traces that can be leveraged to improve processes and deliver value in organizations. We often overlook this data in organizations but we should realize that companies such as Facebook, Google, Apple and others have invested huge amounts of efforts to dig into the data exhaust of our digital and physical world activities in order to extract, infer, predict our tastes and behaviour. If it works for them, it should work for us as well, no?

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